Credit and Fiscal Multipliers in China

Credit and Fiscal Multipliers in China
We jointly estimate credit and fiscal multipliers in China. We use the tenure of the provincial party secretary, interacted with the type of stimulus used in other provinces, to obtain separate instruments for provincial credit and government expenditure. We estimate a fiscal multiplier of 0.8 and a credit multiplier of 0.2 in 2001-2015. The... READ MORE...

Publication date: December 2017
ISBN 9781484332160
$18.00

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